A bill for an act relating to residential rental property price fixing, and providing civil penalties.

SF 2106, the "Iowa Residential Rent Fairness and Anticollusion Act," prohibits landlords managing five or more properties from coordinating rent prices with other landlords or using algorithmic rent-setting systems that rely on nonpublic competitor data. It specifically bans software, AI, or automated tools that set rent based on secret data from other landlords without human review, treating this as price fixing. Violators face civil penalties of up to $5,000 per rental unit per month, injunctions, and restitution for tenants overcharged. The bill also requires landlords and algorithm providers to maintain records for five years and allows tenants to sue for damages if harmed by violations.